CORL Earnings warning may be pre-merger signal, if "write downs", maybe SUNW Sun Micro and not RHAT Red Hat is a buyer here? This would provide everything from Linux to Java to Wordperfect application suites to Network Servers that SUNW would need to match and take on MSFT Microsoft head on. If so, 12-13 was the absolute bottom, and 44 is no where near the interim high for CORL Corel. Many take over targets are "requested" to write down or write off debt on an accelerated tax amortization schedule, so that the Acquiring Company almost immediately gets the benefit of a higher "NET EARNINGS" realized in immediate subsequent quarters...especially in stock for stock M&A deals, this kind of accounting pays for itself as the price of the Acquiring Company surges accordingly. Even if this is not a signal, the fundamentals of CORL Corel, especially with its Wordperfect and graphics suites now also plugged into LINUX makes this company the best buy among techs this season. CORL Corel standing alone even, basically has everything you need, it has it all. That's what I call a value play. I am buying more today.
I am,
Truly your$,
-Crystal Ball |
